Now here is an interesting map of Shanghai's Metro lines. It covers all the existing Metro lines and the ones currently under construction in Shanghai, but what makes it unique is the fact that it lists the square meter (sqm) price for apartments in the area.
So looking at the map, you will see a number near all the Metro stations. This number is the sqm price of apartments in that district near to the Metro.
The closer you are to the Metro station and the closer that Metro station is to South Huangpi Lu station, the higher the price of the apartment (as a general rule).
Our apartment is on line 8 (the blue line) right next to the Laoximen St. station which is currently under construction. It says the sqm price for our area is 23,000RMB. Our apartment is about 158sqm, so that means our apartment would be valued at about 3,634,000RMB (A$605,000 - US$454,000).
Our rent is 6,800RMB per month (A$1,133 - US$850) which would mean that there is a yield of only 2.25% based on this valuation. I guess thats why investors are in it for capital growth and not rental yields - and also why the government is keen to cool property in Shanghai.
Housing affordability in Shanghai will continue to be an issue for many years to come.